Four of the major forex charting patterns which are essential to understand a few chart patterns which aid traders in making beneficial decisions are covered in this article. Symmetrical Triangles On the charting system, indecision areas are represented by symmetrical triangles. These patterns generally take place when there is pause in the market and there …
Category Archive: Technical Analysis
Relative Strength Index RSI
What is the Relative Strength Index? The Relative Strength index (RSI) is a momentum oscillator used to track the strength or weakness of the S&P 500 or other index or asset. Based on the closing prices, and typically using a 14 day timeframe, the RSI will signal to a trader if they can trust the …